IPG Photonics is a manufacturer of high-power fiber lasers, fiber amplifiers, hybrid fiber/solid-state lasers and diode lasers for use in a wide range of markets including materials processing, advanced technologies, telecommunications & medical applications. The Company manufactures fiber lasers operating at 0.5 – 5 microns. IPG’s 1um and 1.5um fiber lasers and amplifiers are particularly popular in single-frequency and linearly-polarized variants; providing products having the best available combination of performance, reliability, and price. IPG's newly developed 2-5 microns mid-IR lasers offer cost-effective solutions for sensing, spectroscopy, material processing & medical applications. 

Employee Rating

3.1More
TypePublic
HQOxford, US
Founded1990
Size (employees)5,030 (est)
Websiteipgphotonics.com
IPG Photonics was founded in 1990 and is headquartered in Oxford, US
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Key People/Management at IPG Photonics

Valentin P. Gapontsev

Valentin P. Gapontsev

Chief Executive Officer and Chairman of the Board
Eugene Scherbakov

Eugene Scherbakov

Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director
Timothy P.V. Mammen

Timothy P.V. Mammen

Chief Financial Officer and Senior Vice President
Igor Samartsev

Igor Samartsev

Chief Technology Officer of IPG, Deputy General Manager of NTO IRE-Polus and Director
Angelo P. Lopresti

Angelo P. Lopresti

General Counsel, Secretary and Senior Vice President
Alexander Ovtchinnikov

Alexander Ovtchinnikov

Senior Vice President, Components
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IPG Photonics Office Locations

IPG Photonics has offices in Oxford, Dallas, Oviedo, Marlborough and in 32 other locations
Oxford, US (HQ)
50 Old Webster Rd
Anaheim, US
K 3150 La Palma Ave
Birmingham, US
100 Lucerne Lane
Dallas, US
210 3400 Carlisle St
Fridley, US
1400 5110 Main St NE
Manchester, US
220 Hackett Hill Rd
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IPG Photonics Financials and Metrics

IPG Photonics Revenue

IPG Photonics's revenue was reported to be $1.41 b in FY, 2017 which is a 40% increase from the previous period.
USD

Revenue (Q3, 2018)

356.3m

Gross profit (Q3, 2018)

195.2m

Gross profit margin (Q3, 2018), %

54.8%

Net income (Q3, 2018)

100.8m

EBIT (Q3, 2018)

123.9m

Market capitalization (14-Dec-2018)

6.3b

Closing stock price (14-Dec-2018)

118.0

Cash (30-Sep-2018)

647.6m

EV

5.7b
IPG Photonics's current market capitalization is $6.3 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

769.8m901.3m1.0b1.4b

Revenue growth, %

19%17%12%40%

Cost of goods sold

409.4m453.9m612.0m

Gross profit

491.9m552.2m796.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

235.1m243.5m207.2m252.8m266.0m285.8m369.4m392.6m359.9m773.5m356.3m

Cost of goods sold

106.4m110.2m92.8m115.1m121.2m128.6m163.1m168.1m156.5m335.1m161.2m

Gross profit

128.7m133.3m114.4m137.7m144.8m157.3m206.3m224.6m203.4m438.3m195.2m

Gross profit Margin, %

55%55%55%54%54%55%56%57%57%57%55%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

448.8m522.2m582.5m623.9m909.9m

Accounts Receivable

103.8m143.1m150.5m155.9m237.3m

Prepaid Expenses

41.3m47.9m

Inventories

172.7m171.0m203.7m239.0m307.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

398.4m480.6m483.4m487.5m541.5m571.5m651.2m613.7m587.3m645.6m697.8m808.1m880.3m969.1m816.8m647.6m

Accounts Receivable

120.6m107.6m124.1m136.6m149.8m169.8m154.8m146.5m151.5m162.7m180.2m237.3m226.8m235.5m242.1m251.6m

Inventories

171.3m170.6m178.9m179.5m174.1m190.8m197.6m226.9m241.3m242.4m261.9m260.7m282.5m356.4m376.0m397.4m

Current Assets

749.2m825.1m854.1m863.3m931.0m1.0b1.1b1.2b1.2b1.3b1.4b1.5b1.6b1.9b1.8b1.9b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

155.8m200.4m242.0m260.7m347.6m

Depreciation and Amortization

31.5m35.6m42.4m51.5m64.6m

Inventories

(50.0m)(42.0m)(70.6m)(53.6m)(71.1m)

Accounts Payable

974.0k3.3m9.8m(407.0k)2.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

119.2m40.5m88.8m144.0m57.3m118.6m181.3m49.3m116.4m185.6m74.9m179.0m294.6m106.3m228.0m328.7m

Depreciation and Amortization

23.4m8.1m17.1m26.4m9.7m20.2m31.1m11.4m23.7m37.6m14.5m29.7m46.4m19.2m38.7m58.9m

Inventories

(43.7m)(3.9m)(15.0m)(30.2m)(13.9m)(33.2m)(52.2m)(19.4m)(34.7m)(42.8m)(22.4m)(25.8m)(39.7m)(49.7m)(91.0m)(122.1m)

Accounts Payable

(2.0m)516.0k(2.7m)1.3m(1.2m)4.4m4.5m(6.7m)(8.4m)(9.8m)(1.6m)1.9m3.4m1.1m9.5m(1.3m)
USDY, 2018

EV/EBIT

46 x

EV/CFO

20.3 x

Financial Leverage

1.2 x
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IPG Photonics Operating Metrics

IPG Photonics's Backlog was reported to be $413.9m in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$321 m$442.50 m$413.90 m

Countries

14 15 16

Patent Applications

260 320 380

Patents Issued

170 200 240
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IPG Photonics Revenue Breakdown

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IPG Photonics revenue breakdown by business segment: 94.6% from Materials Processing and 5.4% from Other

IPG Photonics revenue breakdown by geographic segment: 44.1% from China, 11.7% from North America, 9.3% from Other Asia and Australia, 5.7% from Japan, 20.6% from Other Europe including Eastern Europe/CIS, 8.1% from Germany and 0.4% from Other

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IPG Photonics Online and Social Media Presence

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IPG Photonics News and Updates

IPG Photonics Announced Winner of 2018 Fierce Innovation Award for Next Gen Network Deployment

OXFORD, Mass., Nov. 13, 2018 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), the leader in high-power fiber lasers and amplifiers, today announced it was honored as this year’s winner of Fierce Innovation Award, Telecom Edition – Next Gen Deployment – Wireline.

Audio Video Editing Software 2018 Global Market Key Players - Broadcom, Jenoptik, Coherent, Qorvo, IPG Photonics, Skyworks Solutions, Han's Laser Technology......

Audio Video Editing Software – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

IPG Photonics Announces Agreement to Acquire Genesis Systems Group

Genesis a leader in the integration of robotic welding and automation solutions

IPG Photonics Announces New Generation of High Power Fiber Lasers

New diode and fiber advancements deliver higher reliability and smaller form factors, while providing the highest wall plug efficiencies in the world

IPG Photonics Announces Third Quarter 2018 Financial Results

Revenue and Earnings per Diluted Share Decrease 9% and 13%, Respectively

Metal Cutting Machine Tools 2018 Global Market Key Players - Hypertherm, Komatsu, Trumpf, Amada, Eurolaser, Denobat Group, IPG Photonics, Coherent, ESAB.......

Metal Cutting Machine Tools – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday
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IPG Photonics Company Life and Culture

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IPG Photonics Frequently Asked Questions

  • When was IPG Photonics founded?

    IPG Photonics was founded in 1990.

  • Who are IPG Photonics key executives?

    IPG Photonics's key executives are Valentin P. Gapontsev, Eugene Scherbakov and Timothy P.V. Mammen.

  • How many employees does IPG Photonics have?

    IPG Photonics has 5,030 employees.

  • What is IPG Photonics revenue?

    Latest IPG Photonics annual revenue is $1.4 b.

  • What is IPG Photonics revenue per employee?

    Latest IPG Photonics revenue per employee is $280.1 k.

  • Who are IPG Photonics competitors?

    Competitors of IPG Photonics include LPKF Laser & Electronics, Furukawa Electric and Lumentum Holdings.

  • Where is IPG Photonics headquarters?

    IPG Photonics headquarters is located at 50 Old Webster Rd, Oxford.

  • Where are IPG Photonics offices?

    IPG Photonics has offices in Oxford, Dallas, Oviedo, Marlborough and in 32 other locations.

  • How many offices does IPG Photonics have?

    IPG Photonics has 37 offices.